Written by: Melissa Skoff, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
Budgeting can be scary. Taking a close look at your budget can be overwhelming. Money is a reflection of your priorities and sometimes we don’t realize it until we dive deep into the nooks and crannies of our finances. Budgeting is a tool to make yourself behave with your money and also to align your money with your goals. If you feel like you make good money but still live paycheck to paycheck, your best bet is to review your budget on a regular and stick to it.
Budgeting doesn’t have to be scary! Here are some tips to make budgeting less scary. First, try giving that dreaded budget meeting a new name. I like to call it a dream meeting; because that really is what it is. A budget meeting is a chance to align your money with your goals. Since both time and money are limited resources, it is important to realign your budget, your priorities, and your goals regularly.
Second, use a regular budgeting app throughout the month. Instead of waiting to look at your budget until the end of the month and wondering where all of your money went, try carrying it with you and looking at it frequently. If you keep a close eye on things, the chances are you will keep yourself in check. Lack of clarity is the scariest part! So take out your budgeting skeletons out of your closet and shed some light on them. I promise there is nothing to fear.
Third, work with a money coach! Having a professional in your corner to help you stay on track and keep your goals crystal clear is key to success. Working with a money coach can help you see areas in your budget you can improve on and expand your financial literacy. You don’t know what you don’t know! Working with a money coach is essential to your long-term success. So, if your budget is scaring you, have no fear, your money coach is here!
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Melissa Skoff, Executive Contributor Brainz Magazine
Mel, the Money Coach, is a leader within the world of financial coaching. She is known as the Medical Professional's Go-To Money Coach as she is also a Nurse Practitioner and Graduate Nursing Educator. After Mel and her husband paid off $160,000 in 20 months, she set out to help others do the same. She has the heart of a teacher and has dedicated her career to helping others win with money, especially medical professionals. She is the creator of Money Masterminds, a group coaching platform where she helps her clients improve their financial literacy and hone their budgeting, saving, and investing skills. She also has a YouTube channel called Mel the Money Coach, where she helps her listeners learn all things related to finances. Her mission: Everyone deserves to live financially free.
